About ASIFMA’s 7th China Capital Markets Conference in 2017
Further to the success of the past six annual editions of China’s Capital Markets Conference inAsia, the 2017 conference again received valuable support from a number of key stakeholders inthe region. The conference attracted over 350 participants from over 200 organizations, including
7% policy maker/public official, 17% buy side, 3% corporate treasurer and 17% media. Among
over 60 senior speakers we had senior representatives of the region from sell side, institutional
investors, corporate treasurers, market influencers and many other leading financialorganizations.
This industry-wide conference has become a significant platform in the region for the industry toconvene and discuss key topics on the development of the China capital markets.

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We specially thank the valuable support from 11 sponsoring firms where the Lead Sponsor isThomson Reuters and Supporting Sponsors included Bank of America Merrill Lynch, BNP Paribas,Llinks Hong Kong and Moody’s Investors Service. The event is in collaboration with 15 endorsers
plus 4 media partners as well.

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We have received very positive feedback from the stakeholders including speakers, delegates,sponsors and media partners. Most of them found the speakers excellent, the discussions highly
informative and interactive, and the conference thought provoking and enjoyable with theopportunity to meet the various senior representatives with similar interests in financial
regulation, which encouraged the development of China Capital Markets.

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List of Participating Organizations in 2017:
AB
Active Investments CapitalAlgomi
Allen & Overy
Allianz Global Investors
ANZ
Arendt & Medernach
AshurstAsia First Financial Intelligence
Asia Pacific RIM (China)
Asian Corporate Governance Association(ACGA)
Asian Review
Asia-Pacific Structured Finance Association
ASIFMA
Asset Publishing and Research Limited
Auspicious Capital
Australian Securities & Investments
Commission (ASIC)
Baillie Gifford & Co
Bank for International Settlements
Bank of America Merrill Lynch (BAML)
Bank of Montreal
Barclays
Barings
Beijing Capital Land
Belos Capital (Asia)
Bloomberg
BMO Global Asset Management
BNP Paribas
BNP Paribas Asset Management
BNY Mellon
BOCI-Prudential Asset Management
BondIT
British Consulate-General

Broadridge Asia PacificBroadridge Financial Solutions
Cable TV
Capital Group Companies
CCB International (Holdings)
CFA Institute
Changjiang Securities Holdings (Hong Kong)
Chief Group
China Everbright
China Financial Futures Exchange (CFFEX)
China Industrial Securities International
Financial Group
China Innovation Market Service Company
China International Capital Corporation(CICC)
China Investment Information Services (CIIS)
China Securitization Forum (CSF)
China State Finance Magazine
Citadel Securities
Citi
CITIC Capital Holdings
City of London
Clearstream
Clifford Chance
ClubMedComplianceAsia Consulting
Consulate General of France in Hong Kong &Macau
Consulate General of the United States ofAmerica
Consulate General of The United States,
Hong Kong & Macau
Credit Agricole
Credit Suisse
CRHK4List of Participating Organizations in 2017 (Con’t):
Dagong Global Credit Rating
Deacons
Dealogic
Debtwire
Delot live
Depository Trust & Clearing Corporation(DTCC)
Deutsche Bundesbank
Dorsey & Whitney
Duff & Phelps
Eurasia Group
Eurizon Capital S.A.
European Union Office
EY
Fidelity Investments
Fidessa group plc
Focus Ventures
Forwin Holding
FTSE Russell
Fubon Bank
Fund Selector Asia
FX Week
GF Securities
GFMA
GlobalCapital Asia
GlobalRMB
Goldman Sachs
GPB Financial Services Hong Kong
Guotai Junan Securities Asset Management
Hai Tong Asset Management
HKSFA
Hong Kong Economic Journal
Hong Kong Exchanges & Clearing Limited(HKEX)

Hong Kong Investment Funds Association
Hong Kong Monetary Authority (HKMA)HSBCHSBC Global Asset Management
Hutchison Ports
I-Cable NewsIFLR
IHS Markit
Incisive Financial Publishing (Hong Kong)
Incisive Media
Industrial and Commercial Bank of China(ICBC)
InfraAsia (Mergermarket)
Inframation Group
ING
Intercontinental Exchange (ICE)International Capital Market Association(ICMA)International Finance Corporation (IFC)
International Financial Law Review
INV Partners
IPI Associates
Ipreo Holdings
J.P. Morgan
J.P. Morgan Asset Management
Jun He Law Offices
Jun Yang Financial Holdings Limited
King & Wood Mallesons
KPMGLatham & Watkins
Lazuli International
Lexcel Partners, Attorneys at Law
LGT Capital Partners
Lim-Loges & Masters5List of Participating Organizations in 2017 (Con’t):
LLINKS Law Offices
Look's Asset Management
LST Capital Partners
Luxembourg for Finance
Mandarin Capital
Manulife Financial Asia
Maples and Calder
Marbury
MarketAxess
Mayer Brown
Metro Radio
Mizuho Securities Asia
Mlex
Money Concepts Capital Corp
Moody's Investors Service
Mutualwell Incorporated
NASDAQ
National Australia Bank
NomuraNorton Rose FulbrightNow
Nuoxin Capital (Hong Kong)
OCBC
Oliver Wyman
Ontario Teachers' Pension Plan (OTPP)
Oversea-Chinese Banking Corporation(OCBC)
Pacific Hawk (Hong Kong)
Pacific Trustees
Phillip Capital Management
Principal Global Investors
Pureheart Capital Asia
R3CEV
R5FXRegulation Asia
Risk Magazine
RTHK
Russian Finance
Ryan Communication
S&P Global Inc.
Schroders
Securities and Futures Commission (SFC)
Shenzhen Stock Exchange (SZSE)Skandinaviska Enskilda Banken AB (HongKong Branch)Societe Generale
Societe Generale Corporate & Investment
BankingStandard Chartered
State Street Corporation
Sumeru Capital
Sun Hung Kai Financial
SWIFT
Taikang Asset Management Co.
Taiping Securities (Hong Kong)
The Boston Consulting GroupThe Hong Kong and China Gas Company
The Hong Kong University of Science &Technology
The Wall Street JournalThomson Reuters
TradewebTreasury Markets Association (TMA)
Triland Metals
TVBUBSUBS Asset Management
University of Warwick

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List of Participating Organizations in 2017 (Con’t):
USJ
Valor Management
VCM
VL Asset Management
Waterstechnology

Wells Fargo & Company
Westpac
Whyte Daimin Investment Ltd
Wind Information
Zhao Sheng Law Firm

Event Website:
For more about the ASIFMA’s 7th China Capital Markets Conference in 2017:www.asifma.org/china2017/.
For More Information about ASIFMA Events: www.asifma.org/events

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ASIFMA’s 7th China Capital Markets Conference
Final Program
Venue:
Remark:JW Marriott Hotel Hong Kong
(JW Marriott Ballroom, Level 3, Pacific Place, 88 Queensway, Hong Kong)
Open to the media except the Concurrent Roundtables

Plenary Sessions
08:00-08:30

Delegate Check-In

08:30-08:40

Welcome Remarks
 Mark Austen, CEO, ASIFMA

08:40-08:55

Keynote – Hong Kong’s Role in China’s Capital Markets Development Including the Beltand Road Initiative K C Chan, Secretary for Financial Services and the Treasury, The Hong Kong Special
Administrative Region Government

08:55-09:40

Panel Discussion 1 – China Macro Economy 2017- The benefits of liberalisation / Opening up of China- China corporate deleveraging- Aligning Chinese regulatory standards with the G20 commitments
 Chi Lo, Senior Economist, Greater China, BNP Paribas Asset Management
 Hong Liang, Member of Management Committee, Head of Research and Chief China
Economist, China International Capital Corporation (CICC)
 MK Tang, Senior China Economist, Goldman Sachs
 Philippe Dirckx, MD, Head of Markets & Initiatives, SWIFT Pete Sweeney, Asia Editor, Reuters Breakingviews (Moderator)

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09:40-10:25

Panel Discussion 2 – How are the World’s Financial Centres Engaging China?
- The impact of Brexit on the City of London’s relevance- The new EU’s landscape and its relationship with China- Asian financial hubs and their relationship with China- US (optional) Sherry Madera, Special Advisor to Asia, City of London
 Nicolas Mackel, CEO, Luxembourg for Finance Vincent Lee, Executive Director (External), Hong Kong Monetary Authority (HKMA) Vivien Teu, Managing Partner, Vivien Teu & Co LLP; Solicitors, in Association with
Llinks Law Offices
 Sanjeev Chatrath, MD, Region Head, Asia, Financial & Risk, Thomson Reuters
 Michael Hirson, Director, Asia, Eurasia Group (Moderator)

10:25-10:45

Coffee BreakPlenary Sessions
10:45-11:30

Panel Discussion 3 – Accessing Chinese Markets- Overview of existing access channels- Streamlining access channels- Foreign investor participation including ownership caps and restrictions on licenses- Home country approval Naveen Khanna, COO, Rates & Currencies Trading, Bank of America Merrill Lynch(BAML)
 Enoch Fung, Head, Market Development (External), Hong Kong Monetary Authority(HKMA)
 Sandra Lu, Partner, Llinks Law Offices
 Dan Kiang, Director, Relationship Investing (Hong Kong), Ontario Teachers’ Pension Plan(OTPP) Aries Tung, MD, Head of Strategy and Business Development, China, UBS AssetManagement
 Barnaby Nelson, MD, Head, Investors & Intermediaries, Transaction Banking, North
East Asia and Greater China, Standard Chartered (Moderator)

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11:30-12:15

Panel Discussion 4 – Going Offshore and Outbound Investments
Investment grade bond offerings
High yield bond issuances
LGFVs
Restrictions on Chinese investors’ outbound investments
 Jimmy Choi, Global Co-Head of Capital Markets, ANZ
 Anna-Marie Slot, Partner, Global Head of High Yield, Ashurst
 Ping Feng, Head of Asset Management Department, China International Capital
Corporation (CICC)
 Randolf Tantzscher, Director, Fixed Income Indices, IHS Markit
 Gary Lau, MD, Corporate Finance, Moody’s Investor Service
 Joanne Hon, Head of Asia Pacific, Dealogic (Moderator)

12:15-13:15

Lunch

Afternoon Break-out Session – Stream A
13:15-13:55

Panel Discussion A5 – China FX & Local Rates: Trends and Opportunities, Including
Hedging
Developing deeper, more liquid hedging instruments
Improve electronic execution
Onshore vs offshore hedging
 Patrick Law, MD, Global Markets, Bank of America Merrill Lynch (BAML) Mitul Kotecha, Head of Asia FX and Rates Strategy, Barclays
 Jiong You, MD Head of FX & Local Markets Trading, Greater China, Hong Kong
Markets, Citi
 Jon Vollemaere, CEO, R5FX Ltd
 John Ball, MD - Global FX Division, Asia Pacific, GFMA (Moderator)

13:55-14:35

Panel Discussion A6 – China Securitisation in a Global Context
Development of the auto-loans securitisation market
The beginning of a mortgage-backed market
Has China learnt from the lessons of sub-prime mortgages and CDOs to avoid adomestic credit crunch Xuebin Wang, Executive Secretary-General, China Securitization Forum (CSF) Alex Kung, Rating Director, Dagong Global Credit Rating (Hong Kong) Co., Ltd Kyson Ho, MD, Head of Structured Capital Markets, Asia-Pacific, HSBC Elaine Ng, VP – Senior Analyst, Structured Finance Group, Moody’s InvestorsService Aaron Lei, Senior Director, Structured Finance Ratings, S&P Global Ratings
 Vijay Chander, ED – Fixed Income, ASIFMA (Moderator)

10Afternoon Break-out Session – Stream B
13:15-13:55

Panel Discussion B5 – Corporate Governance, Financial Information Disclosure and Risk
Management- Corporate governance, disclosure standards and opaqueness in obtaining informationin China- Financial models: Theoretical disconnect between developed models and an insulatedmarket
 Jamie Allen, Secretary General, Asian Corporate Governance Association (ACGA) Keith Pogson, Senior Partner, Financial Services, EY
 Wenyan Jiang, MD of FIC Department, Wind Information
 Michelle Price, Asia Regulation Correspondent, Thomson Reuters (Moderator)

13:55-14:35

Panel Discussion B6 – Equities Market Development Including Stock Connect- Have we gotten past teething issues?
- Circuit breakers- Further enhancements- Inclusion in global benchmarks- Settlement framework Eddie Pong, Regional Director, Head of Asia Pacific Research, FTSE Russell
 Tae Yoo, MD, Market Development Division, Hong Kong Exchanges & Clearing (HKEX) Yixuan Wang, Head of the CIMS, Shenzhen Stock Exchange (SZSE) Bean Zhang, Chief Representative, Hong Kong Office, Shanghai Stock Exchange (SSE);
MD, China Investment Information Services (CIIS) Bin Shi, CIO, China Equities, UBS Asset Management
 Jing Sun, Equity Market Specialist, Bloomberg (Moderator)

14:35-14:55

Coffee Break11

Plenary Sessions
14:55-15:35

Panel Discussion 7 – China Interbank Bond Market: Developments and Opportunities,
Including Bond Connect
The current situation
The road ahead
How can foreign investors be encouraged to participate
Trading and settlement related issues
 Brad Gibson, Senior VP and Portfolio Manager, Fixed Income, AB Agnes Tsang, Partner, Allen & Overy CG Lai, Head of Global Markets, Greater China, BNP Paribas
 Zhongchao Li, AD, Interest Rate Derivatives Department, China Financial Futures
Exchange (CFFEX)
 Julien Martin, MD, Head of FIC Product Development, Hong Kong Exchanges &Clearing (HKEX) Kelly McKenney, Director - Head of APAC Distribution, Tradeweb (Moderator)

15:35-16:15

Panel Discussion 8 – FinTech in China and the Emerging Technologies
Is China leading the world?
Are FinTech companies displacing traditional financial institutions
How will digitization change the world of payments and need for financial
instruments
Are institutions infrastructure ready to cope
ASIFMA Fintech Best Practices
 Qin Xu, Partner and Managing Director, The Boston Consulting Group James McKeogh, Partner, FinTech, KPMG
 Clement Yiu, Market Technology, Director, Business Development, Greater China,NASDAQ
 Carl Wegner, Director, Business Development, Greater China, R3
 Peter McMillan, Head of Market Development, North Asia, Thomson Reuters
 Jean-Remi Lopez, Director, Asia Pacific, Government Relations, DTCC (Moderator)

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Concurrent Roundtables (Closed to the media)
16:15-16:55

Concurrent Roundtables**This is a session of 4 simultaneous roundtables, each representing a designated topic
with moderators leading the discussion. Delegates are able to join any table of theirchoosing.
Roundtable 1 - Green Finance- Disclosure- Green reporting- Green lending, green securitisation, green equity, green bonds,…
 Jini Lee, Partner, Ashurst Herry Cho, Director, Capital Structuring & Advisory, Sustainable Finance Lead, Asia,ING
Roundtable 2 - Panda Bonds- Accounting issues- Credit ratings
 Richard Mazzochi, Partner, King & Wood Mallesons
 Liang Si, Head of Bond Syndicate Asia, BNP Paribas
Roundtable 3 - Tax Issues Affecting China Capital Market Developments- Value Added Tax- WHT in China
 Elvis Chan, Director, Corporate Tax – Asia, Bank of America Merrill Lynch (BAML) Natalie Yeung, Director, Corporate Tax, Hong Kong, UBS
Roundtable 4 – Infrastructure and the Belt And Road Initiative- Chinese government pledge to develop the Belt and Road Initiative- Infrastructure spending in emerging economies
 Leng-Fong Lai, Partner, Clifford Chance Marc Freydefont, Senior Director, Fixed Income – Asia Solutions, Credit Suisse

16:55-17:00

Closing Remarks
 Mark Austen, CEO, ASIFMA1314